Common use of No Effect on Service Clause in Contracts

No Effect on Service. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued service for any period of time. The terms of the Director’s service shall not be affected by the grant of this award.

Appears in 12 contracts

Sources: Director Stock Unit Agreement (Gap Inc), Director Stock Unit Agreement (Gap Inc), Director Stock Unit Agreement (Gap Inc)

No Effect on Service. The transactions contemplated hereunder and the vesting schedule Vesting Schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued service for any period of time. The terms of the DirectorEmployee’s service shall not be affected by the grant of this award.

Appears in 4 contracts

Sources: Stock Unit Agreement (Pmi Group Inc), Stock Unit Agreement (Pmi Group Inc), Stock Unit Agreement (Pmi Group Inc)

No Effect on Service. The transactions contemplated hereunder and the vesting schedule Vesting Schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued service for any period of time. The terms of the Director’s service shall not be affected by the grant of this award.

Appears in 2 contracts

Sources: Phantom Stock Agreement (Pmi Group Inc), Stock Unit Agreement (Pmi Group Inc)